The Flint Clinic purchased a new surgical laser for $81,000. The estimated salvage value is $5,100. The laser has a useful life of five years and the clinic expects to use it 11,500 hours. It was used 1,900 hours in year 1; 2,500 hours in year 2; 2,700 hours in year 3; 2,100 hours in year 4; 2,300 hours in year 5. (a) Compute the annual depreciation for each of the five years under straight-line and units-of-activity methods. Straight-line Units-of-Activity Year 1 2$ $ Year 2 Year 3 Year 4 Year 5 Total $ $

The Flint Clinic purchased a new surgical laser for $81,000. The estimated salvage value is $5,100. The laser has a useful life of five years and the clinic expects to use it 11,500 hours. It was used 1,900 hours in year 1; 2,500 hours in year 2; 2,700 hours in year 3; 2,100 hours in year 4; 2,300 hours in year 5. (a) Compute the annual depreciation for each of the five years under straight-line and units-of-activity methods. Straight-line Units-of-Activity Year 1 2$ $ Year 2 Year 3 Year 4 Year 5 Total $ $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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